China National Petroleum Corp. : Chinatopix

China National Petroleum Corp.

Pipelines are seen at the TOTAL oil refinery on January 10, 2007 in Leuna, Germany.

China's CEFC, CNPC Grab 12% Stake in Abu Dhabi Oil Deal

Feb 21, 2017 05:30 AM EST

Shanghai-based CEFC China Energy Co. snatched the last 4 percent stake for the onshore venture, Abu Dhabi National Oil Co. (ADNOC) confirmed on Monday. CEFC will be paying an $888 million signing bonus. China National Petroleum Corp. (CNPC) was also awarded an 8 percent in exchange for a signing bonus of $1.8 billion.

China Collaborates With Total for Iran Gas Deal

S. Rina |

Nov 09, 2016 02:51 PM EST

China and Total SA have signed a gas deal with Iran. The deal marks the first natural gas joint venture for Iran after the U.S. eased the sanctions it imposed on the country. The agreement is related to the 11th phase of the offshore South Pars gas field.

China National Offshore Oil Corporation's (CNOOC) oil rig is seen in China's Bohai Sea.

China Becomes World's Second Largest Oil Refining Country

Iesha javed |

Mar 22, 2016 09:15 AM EDT

According to the 2016 China Oil and Gas Industry Development Analysis and Development Report, issued by the China Petroleum Enterprise Association and China Oil and Gas Industry Development Research Center on March 21, China is the world's second largest oil refining country after the United States.

Petrochina discovers 100 million tonnes of shale

PetroChina Makes China's Biggest Shale Deposit Discovery

Camille Harthy |

May 28, 2015 01:28 PM EDT

A unit of state-owned China National Petroleum Corp. has discovered over 100 million tonnes of oil in north-west China, the biggest shale discovery in the nation to date.

Corruption Trial Of Chief Of Oil Company Shows Link To More Top Corrupt Officials

Desiree Sison |

Apr 14, 2015 06:44 AM EDT

A former chief of China's biggest oil company went on trial for corruption charges with the prosecution publicly linking his alleged corruption activities with the country's top retired security official.

PetroChina Plans Local Tieups In Restive Xianjiang

Mia Lindog |

Aug 19, 2014 03:47 AM EDT

State-owned parent China National Petroleum Corp., the nation's biggest oil and gas producer, plans to invest in exploration and production in the restive northwest province of Xinjiang to hasten its development, Bloomberg reported.